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0.00% 2.2¢ asara resources limited

Ann: Oversubscribed $3.5m Capital Raising, page-2

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  1. TerribleTadpole
    5,124 Posts.
    lightbulb Created with Sketch. 2479
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    21/02/18
    09:48
    Post #: 31210810
    It is for working capital!! Ow!!

    Funds received under the Placement will be used to complete the maiden Mineral Resource at the Company’s flagship project, the Kouri Gold Project (Kouri) in Burkina Faso, to conduct further infill drilling at Kouri as well as exploration outside the expected Mineral Resource area, and for working capital purposes.

    I'm disappointed.  Surprised.  And embarrassed.  That maiden resource had better be enormous!

    GMR Price at posting: 4.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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